Q&A continued: Has the business plan changed again if so how many times has it changed?
I will let you decide on this by supplying the historical business focus.
Jan 1999 * CBQ was suppose to be an internet auction and thus Bid4It was acquired then Reliance Tech (TopherNet Sub) software & priority One for Electronic fund transfers. Then an investment was made with GLP for 19% to supply Bid4It with Gas & Oil surplus.
August 1999 * CBQ had not accomplished its objectives where new management and thus to develop e-solutions and get Bid4It kicked off. Also CBQ was considering the expansion into the medical industry.
December 1999 * Bart Fisher came in and his efforts was to combine all the capabilities of existing companies. to attempt to make all this happen but with an additional extension to the business scope plan, China. With the acquisition of ChinaSoft, CBQ could provide software outsourcing through its joint venture partner CCSOFT but also through ChinaSoft Bart began put efforts into a trade portal for import export of products between the US and China.. Also CBQ would sponsor trade delegations for expansions into the China Market. Bart’s China efforts attempted to stimulate each of the aspects of the overall business.
In March 2000, CBQ discontinued any opportunities in the medical industy and the business plan was software and consulting services such as custom application development, software outsourcing, business-technology consulting, Internet and e-business consulting, system integration, architects of the Internet infrastructure, re-engineering, and sustenance. Of course the focus of the plan was China. Also potential import/export trade from China was a focus of the business plan also and part of Bart's vision. Bart did attempt ChinaWireless but this was wrong timing for financing because the .coms were beginning their waterloo. Unfavorable market conditions
August 2000 * Bart acquired Quantum Net and in the Special shareholder meeting put a lot of this on the back burner to develop the esolution, software outsourcing as the primary focus. Also Bart discontinued Reliance/ TopherNet and discontinued the "white box" operation and other divisions of Quantum.
Now that he has the infrastructure of ChinaSoft, EasySoft and Quantum Bart has the esolution & integration, networking & software outsourcing in place and thus as he stated in the special meeting is now exploiting the import export side of the business plan into Networkland and the core business. Also as the original plan calls for CBQ has sponsor delegations and conferences on China.
Now we are in 2001 and the business plan has not changed at all. I have the business plan and they all say the same thing basically. The company offers a complete range of software and consulting services such as custom application development, software outsourcing, business-technology consulting, Internet and e-business consulting, system integration, architects of the Internet infrastructure, re-engineering and sustenance.
Even in the CNNfn interview Bart defines CBQ as an end to end solution provider for the information technology (IT) industry and that includes 4 parts of the business.
First * CBQ acquires equipment for CBQ’s customers,
Second * software development,
Third * network and integration
Fourth * service and maintenance.
He then references that the first part of the hardware acquisition directly relates to this recent development in the China story, upon which CBQ will use the hardware obtained from China for CBQ’s customers. This will include computers, laptop computers and PDAs, (Personal Digital Assistant such as a hand-held PC or Pocket PC). (Note: Bart back in 2000 was looking at PDAs with EmbeddedISP) Bart clarifies the first two obviously relate to the China story. China Story = China Advantage in the business plan.
So I am not sure what you mean that the business plan has been changed or changed numerous times. All that is happening is the company is fine tuning its operations to the business plan with a solid focus on China.
Since Bart stated he hopes to have China computers in by the end of the year can they survive on IT revenues without financing?
Hmmm …CBQ is living with in its cash flow means effectively according to the filings thus that is a question that only a crystal ball can project. Anything else on this type of question I have to take a “No Comment”
When might we see any about the orders Bart made reference to in the interview?
When Bart decides to allow me to make them public.
Hope this helps.
CIIR cash & restricted stock
GAry Swancey |
